Many of my readers have been opening multiple bank promotions over the years to take advantage of the higher interest rates or sign-up bonuses. Whenever opening a bank checking or savings account, you can get either get a hard pull or a soft pull depending on the bank. It’s important to find out if the bank will perform a hard credit check since a hard inquiry can negatively affect your credit score and may not be worth opening the checking or savings account. Too many hard inquiries on one’s credit report can be resulted in higher loan or insurance rates.
Based on the reported experiences of the many consumers online from sites such as FatWallet, FicoForums, Slickdeals, CreditBoards, Flyertalk, etc, we’ll put together the most extensive list of Banks(alphabetically) on the type of inquiry they will perform whenever opening a checking or savings account. Click on Review to read more in-depth explanation for each bank bonus such as direct deposit(full list of what count), account type, expiration date, hard or soft pull, credit card funding, geographical restrictions, additional bonus requirements, and early closure fee.
Important: Please help us update our list with your own personal experience by commenting below. If you recently open a bank account, you can check your credit report to see if there is a hard pull or soft pull and from what credit reporting agency such as Equifax, Experian, or TransUnion.
Disclaimer: We make no promise the information below is 100% correct since banks can change their way of checking credit often.
|CIT Bank – Earn up to $200 Cash Bonus when you open a new High Yield Savings Account at CIT Bank by January 31, 2017. To earn a $95 bonus, you must make an initial deposit of $25,000 or more and maintain an average monthly balance of $25,000 for 3 monthly statement cycles. Deposit $100,000 and maintain that for 3 monthly statement cycles and you’ll receive a $200 bonus. Best of all, you'll enjoy a rate of 1.05% APY! Apply Now---CIT Bank Review|
|Discover Bank Online Savings Account: Earn $100 Bonus along with high interest rate of 0.95% APY! You must apply through HustlerMoneyBlog.com with promo code HMB1016 by 01/31/2017 and make a minimum deposit of $15,000 by 02/15/2017. FDIC-insured, no minimum balance or monthly maintenance fees. Apply Now---Discover Bank Review|
|Santander® Simply Right® Checking|
Offers $150 bonus for new checking account customers that open a Simply Right® Checking account, make a direct deposit of $500, and keep the account open for at least 90 days! This offer is only available until January 31, 2017! Coupon offer only. Santander Bank, N.A. Member FDIC.
Top Bank Accounts Soft Pull or Hard Pull
|Chase Sapphire Preferred® Card offers 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®. You pay no foreign transaction fees. There is an introductory annual fee of $0 the first year, then $95. Apply Now---Sapphire Preferred Review||Barclaycard Arrival PlusTM World Elite MasterCard® offers 50,000 bonus miles after $3,000 in purchases within the first 90 days from account opening. It's a new premium travel rewards card with 2% cash back towards travel. The $89 annual fee is waived for the first year and receive complimentary online FICO Credit Score. Apply Now---Arrival Plus Elite Review|